10 Interesting Facts About The Union Budget – News18

The Union Finance Minister, Nirmala Sitharaman, goes to current the Interim Budget for the fiscal yr 2024-25 on February 1. This shall be held forward of the Lok Sabha elections within the upcoming months. With the presentation of the Interim Budget, there shall be a quick price range session held within the Parliament between January 31 to February 9. With two days left till the announcement of the price range, let’s check out among the attention-grabbing and unknown info about India’s Union Budget.

10 Interesting Facts about India’s Union Budget:

• The first price range of India was offered round 160 years in the past on April 7, 1860. It was East India Company’s James Wilson who offered the primary price range to the British Crown then.
• The first Union Budget of impartial India was offered by RK Shanmukham Chetty on November 26, 1947.
• Morarji Desai offered a complete of 10 budgets, which marks to be essentially the most provided by a single particular person.
• Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi are the one Prime Ministers who’ve offered the price range.
• Former Prime Minister Manmohan Singh was the one who gave the longest price range speech (when it comes to variety of phrases) in 1991 throughout his tenure because the Finance Minister.
• As a ritual, the Halwa Ceremony is adopted by a lock-in step carried out to take care of confidentiality across the price range preparation.
• Till 2016, the Union Budget was offered on the final working day of February, which was then modified by the Former Finance Minister Arun Jaitley in 2017.
• Later in 2017, it was the primary time when the Railway Budget was merged with the Union Budget.
• Present Finance Minister Nirmala Sitharaman is the one who has given the longest price range speech to date. She spoke for two.42 hours whereas presenting the Union Budget in 2020.
• On February 1, 2021, the Finance Minister Nirmala Sitharaman offered the primary paperless price range.